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Apr 18, 2013
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you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that and i think they're still confidence-rich -- confidence-poor -- confidence-r. >> i lov that phrase, and i have gave you credit of late. military, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because of sequester. >> sure, sure. one of the things about snap-on, for years we focused on auto repair. but what we've been doing lately is rolling the snap-on brand out of the garage to critical industries where the penalty for failure is high. >> aerospace. >> aerospace, military. one of the first places we went to is military. and we built a big business there. it's been down, but aerospace is coming up. aerospace and natural resources is what double digits in the quarter for us. i was just at an aerospace facility in indianapolis. 800 technicians, 800 technicians there. i was
you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that and i think they're still confidence-rich -- confidence-poor -- confidence-r. >> i lov that phrase, and i have gave you credit of late. military, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because...
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Apr 18, 2013
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taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a tremendous amount of bidding wars primarily in entry level and move-up buyer level. in the million five to two million, those type of clients they make their decision when they want to make their decision. but as far as our 250,000 to $900,000 price range, multiple bids. >> i love philly. it's a fantastic city. >> we are counting down. in just over two hours, three megatech companies are going to report their earnings after the bill. google, microsoft and ibm. we will preview all three of them next. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and long
taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a...
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Apr 17, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> all right. maybe this market's lost some of its exuberance over the past few days. maybe we haven't been seeing some of those record highs that become so common that they're almost yawn-worthy. commodities have gotten hammered. and you definitely want to cry when you look at a gold chart or even an oil one. west texas closes at 86. but we also got some super housing start data this week, which is all great news all around. and all because housing punches above its weight in terms of the econo
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better...
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Apr 18, 2013
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noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you. >>> coming up, just three days of the tax deadline comes news of a b involving current and former irsit uil you hea wh they did, michelle. >> oh, i'll be shocked. >>> also, we're going to speak exclusively to bb&t ceo about his company's earnings and his bank's trouble with stress tests. >> that and much more coming up on the "closing bell." you are watching cnbc, first in business worldwide. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's
noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you....
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Apr 23, 2013
04/13
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he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening, eamon. >> good evening, larry. the new details are that the law and lobbying firm green and troutwig has received and is responding to a subpoena from the s.e.c. in this matter. they are involved in a situation here, because the allegation is that a separate firm called hight securities sent a tip to wall street clients that changes were coming to medicare. there was an employee involved in the chain of communication of e-mails of some of this information. now greenbergtroutwig also saying today they're going to get out of the business of so-called political intelligence. that's when firms in
he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening,...
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Apr 22, 2013
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but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well. >> where many emerging markets are big opportunities? are you talking about a place like china where you're seeing 7%, 8% growth? india? where are the real exciting opportunities? i guess latin america is also something to discuss. >> we're investing disproportionately in the emerging markets, particularly in places like china. when you think about the opportunity, right now there's about 150 million people in the s-1, premium market. we see that probably expanding by three-fold over the next 10 to 20 years. over there as well, when you've got the emerging middle class
but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well....
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Apr 22, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> u.s. prosecutors are prepping charges against dzhokar tsarnaev. investigators won't say whether they've been begun questioning him in the hospital. he's unable to speak after being shot in the throat. fbi wants to speak with his wife's older brother -- i'm sorry, with his older brother who was killed in the shoot-out thursday night. dr. collins is here, head of north american maple croft. welcome. so, look, first of all, how complicating will this be for the investigation if they're unable to get him to speak? it sounds as though he's beginning to write. >> yes. thanks for having me on this morning. it's important in the beginning context and for this instance. so this is the first islamist attack on the united states since 9/11. in 2006, we had the liquid bomb plot that was foiled. and there's the underwear
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> u.s. prosecutors are prepping charges against dzhokar tsarnaev. investigators won't say whether they've been begun questioning him in the hospital. he's unable to speak after being shot in the throat. fbi...
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Apr 23, 2013
04/13
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houston, texas, no taxes, chicago, illinois. >> chicago's a great city. i love chicago, my wife's from chicago, but i've got to go with houston because i like the tax rate. >> and you were just there. >> i was just there, people were nice. i like the kind of semi-spanish style of the home, the gas grill, that outdoor living thing they've got going. >> it's a great house, great house, great location, houston, texas wins. >> wow! we've dethroned the painted lady. >> the former brothel, and that house, by the way, the other one, is actually, was a former brothel. so the english manor has deflowered the former brothel, so to speak. >> it's almost worth staying in the painted lady to hear the whispering -- >> you can't imagine the number of e-mails i got about it, seriously. but i have to tell you, it's a tough, tough go on this one. okay, both houses are amazing, both houses are in beautiful condition, both houses just are winners. but texas wins. the fact that unemployment in chicago is so much higher than houston, houston, 6%, chicago 9.2. you've got to giv
houston, texas, no taxes, chicago, illinois. >> chicago's a great city. i love chicago, my wife's from chicago, but i've got to go with houston because i like the tax rate. >> and you were just there. >> i was just there, people were nice. i like the kind of semi-spanish style of the home, the gas grill, that outdoor living thing they've got going. >> it's a great house, great house, great location, houston, texas wins. >> wow! we've dethroned the painted lady....
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Apr 18, 2013
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mortgages are a great bargain under the tax code. >> it's extraordinary. >> are they going to get rid of the deduction? mortgage deduction? >> i don't think so. it by far impacts middle america more than anyone else. if they tweak it, it will be on the edge. but listen, mortgage interest deduction has been around over 100 years. i don't believe it's going anywhere. >> demand outstripping supply in your last conference call. you said that. even better now? >> it is. >> is there a housing shortage, sir? >> absolutely. >> there is? >> it's worse than any of us imagined. >> what states? >> let's look at new york city as an example. there are no inventory. >> people are knocking on people's doors who do not have signs. i'm not kidding. >> i know. i know that to be the -- we tell them to do it. they're literally trying to convince you to sell. now, the seller's got to convince themselves that they can actually get the price they want. and that is starting to change. i mean, you're seeing extraordinary price increases. we have markets where prices are increasing 25%, 30%, and they're still b
mortgages are a great bargain under the tax code. >> it's extraordinary. >> are they going to get rid of the deduction? mortgage deduction? >> i don't think so. it by far impacts middle america more than anyone else. if they tweak it, it will be on the edge. but listen, mortgage interest deduction has been around over 100 years. i don't believe it's going anywhere. >> demand outstripping supply in your last conference call. you said that. even better now? >> it is....
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Apr 18, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to "squawk." let's get down to the new york stock exchange. our good friend jim cramer joins us now. good morning, jim. if jim is there. there he is. do you hear jim? >> no, there's no audio. now do you hear us? we are here on the tv. here we are. i don't know if we can get to jim or not, but it sounds like we can't. in the meantime, we'll go to a break, come back and see what we can do. >>> when we come back we'll talk about the stock of the day. we'll be right back. ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core.
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. >>> welcome...
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Apr 23, 2013
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. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reduc
. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny...
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Apr 18, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones did dowde country to an a from an a plus. the xetra dax today after shedding better than 2% yesterday, which is a huge move for this index, rebounding by about 0.4%. small gains seen elsewhere, the ftse mib in italy up about 0.6%. keeping an eye on the presidential election process. that is currently under way. here is a look at the bond space. when it comes to the ten-year rates, we're also seeing a similar story with the one exception of germany. so generally speaking, risk sentiment doing okay this morning. yields falling to 4.65%. 4.23% respectively. we've been sittin
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in...
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Apr 18, 2013
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click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... omnipotent of opportunity. you know how to mix business... with business. and y
click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having...
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Apr 23, 2013
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we have uncertainty around tax. china's government is just now firmly in place and starting to take action. so i think that didn't allow things to progress on that side as well in the first quarter. >> in terms of china, we spoke yesterday with doug from caterpillar. he said in china things look a little better than they had to this point. what's your business in china look like? >> our business depends on the sector. things like nutrition and health food and agriculture, we're making great progress. automotive. in china, builds were up 12% year over year. in other areas that are infrastructure related, they have been lagging 6% to 9%. things about transformers or motors or generators. we see a lot of indication that's starting to loosen up and improve. >> i'm a nascar fan. i'm a jeff gordon fan. he's my favorite driver. i'm starting to see your name a little bit less on the 24 car. which makes me think automotive paint not where you need to be. i'm surprised by that given the automotive industry has done so well. w
we have uncertainty around tax. china's government is just now firmly in place and starting to take action. so i think that didn't allow things to progress on that side as well in the first quarter. >> in terms of china, we spoke yesterday with doug from caterpillar. he said in china things look a little better than they had to this point. what's your business in china look like? >> our business depends on the sector. things like nutrition and health food and agriculture, we're...
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Apr 22, 2013
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we're in a cycle now, it's the fourth year in a row where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for these earnings reports this week. in the meantime among your markets, gold has bounced big today. the dollar is still flirting with 100 yen. what are you watching? what are the benchmarks you're keeping an eye on this week? >> well, you know what, i think the biggest benchmark that i'm going to pay attention to is the dax stock index in germany. it's down about 1.75% on the year. last week not only were eurozone car sales, registrations off, but germany was off in particular. i think keep it simple. i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and
we're in a cycle now, it's the fourth year in a row where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for...
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Apr 24, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] nothing gets you going quite like the power of quaker oats. today is going to be epic. quaker up. and "up to 75% lower copays." as a preferred pharmacy, walgreens can save you as much as 75% compared to other select pharmacies. walgreens, at the corner of happy and healthy. when i'm hungry, my tummy growls. rrrrrrrrrrrr! when i'm hungry, i feel like i want to faint. this is my hungry monster. one in six americans struggle with hunger every single day. if i could stop hunger, i would definitely do it. [ male announcer ] let's growl back at hunger. during april, stock up at walmart on select groceries marked with the child hunger ends here red pushpin and you'll be contributing to food banks in your own community. join us in creating the biggest growl ever. ♪ is engineered for comfort. li
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] nothing gets you going quite like the power of quaker oats. today is going to be epic. quaker up. and "up to 75% lower copays." as a preferred pharmacy, walgreens can save you as much as...
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Apr 20, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? [ cheering ] >> what a scene that was. watertown residents lining the streets cheering on police last night after officers took 19-year-o 19-year-old dzhokhar tsarnaev in custody. >> the family still seems stunned the two young men could be r
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small...
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Apr 19, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com cheryl burke is cha-cha-ing in depend silhouette briefs for charity, to prove that with soft fabric and waistband, the best protection looks, fits, and feels just like underwear. get a free sample and try for yourself. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> we are back with an update. a police officer has been shot on the campus tonight. our drew griffin is there on the scene. drew, you saw a lot of law enforcement. we saw some fbi jackets a moment ago. what are you seeing? >> i'm still seeing a prevalence of state and local police. i cannot get a good angle on where the fbi officers are. this does appear to be turning into an investigative phase. we have just been moved back a block. i've talked to an off
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com cheryl burke is cha-cha-ing in depend silhouette briefs for charity, to prove that with soft fabric and waistband, the best protection looks, fits, and feels just like underwear. get a free sample and try for yourself....
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Apr 21, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> a second wave of people who live near the site of the massive explosion at a fertilizer plant in the town of west, texas were allowed to return home today. residents who were lucky enough to still have homes began returning yesterday. wednesday's explosion flattened the north side of the small farming town heavily damaging a nursing home, schools and neighborhoods. new evidence in the investigation is now surfacing and cnn's miguel marquez has that. mi miguel? >> reporter: don, for the first time we are hearing the 911 tapes from this terrible tragedy in west. a couple of clips we want to play for you give you a sense of just how horrific the scene was that night. >>
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> a second wave of people who live near the site of the massive...
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Apr 21, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how sharp is your business security?o! can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> we're back with ray kelly, the nypd commissioner, the man who must protect america's number one city and number one target. peter king, congre
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how sharp is your business security?o! can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class...
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Apr 18, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com before i do any projects on on my own.st at angie's list, you'll find reviews written by people just like you. i love my contractor, and i am so thankful to angie's list for bringing us together. angie's list -- reviews you can trust. [ female announcer ] from more efficient payments. ♪ to more efficient pick-ups. ♪ wireless is limitless. ♪ from tracking the bus. ♪ to tracking field conditions. ♪ wireless is limitless. >>> i'm jake tapper here in boston with cnn's continuing coverage of the investigation into the terrorist attacks on the boston marathon, and we are just learning at this hour that the fbi here in boston is planning a 5:00 p.m. eastern news conference with the latest information about the investigation. that's 5:00 p.m. eastern, 2:00 p.m. pacific. and that's the latest into the terrorist
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com before i do any projects on on my own.st at angie's list, you'll find reviews written by people just like you. i love my contractor, and i am so thankful to angie's list for bringing us together. angie's list -- reviews...
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Apr 24, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com
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Apr 18, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com prego?! but i've been buying ragu for years. [ thinking ] i wonder what other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll say...my money. my choice. my meineke. >>> and we are back now with our other big story here in boston, massachusetts. the president just a few moments ago arrived at massachusetts general hospital to visit with the victims. michelle obama is visiting victims at bringham women's hospital. they had just wrapped up the memorial service just a short time ago. our don lemon was inside the church during that service. don, when i was watching it on tv, it was really poignant even more so than i expected. made you sort of choke up. wha
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com prego?! but i've been buying ragu for years. [ thinking ] i wonder what other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ male announcer ]...
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Apr 24, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors because you could be at increased risk for plaque buildup in your arteries over time. and that's why when diet and exercise alone aren't enough to lower cholesterol i prescribe crestor. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is...
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Apr 18, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "starting point." chris cuomo with john berman in boston. president obama, on his way here, but also continuing to fight for gun control. the president says the gun lobby lied about the bill. let's go to breanna keilar live at the white house with more. >> he was upset. white house officials early on decided that the reality of this debate was that a really -- what they would consider a bold gun control measure like an assault weapons ban had no chance of passing congress. they were right about that. but they wanted to expand background checks of gun control purchases. they thought newtown had changed the dynamics of this political debate. turns out they were wrong. president obama an i wigrily ca out congress. >> all in all, a shameful day for washington. >> reporter: it was an emotional day
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "starting point." chris cuomo with john berman in boston. president obama, on his way here, but also continuing to fight for gun control. the president says the gun lobby lied about...
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Apr 19, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i don'without goingcisions to angie's list first. you'll find reviews on home repair to healthcare written by people just like you. with angie's list, i know who to call, and i know the results will be fantastic. angie's list -- reviews you can trust. deadly explosion at the boston marathon. among them, three guardsmen. they found themselves in a combat zone. joining me is welch, madore, welcome to all three of you. thank you for joining me. >> thank you for having us. >> you went down there, you were just running the marathon for fallen heroes and then suddenly you're back into a war zone. what were your feelings? let me start with you, if i may, staff sergeant mchl acadore. >> i think we did a great thing. we went in there, did what we've been trained to do. the first responders are in there, policemen, the fir
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i don'without goingcisions to angie's list first. you'll find reviews on home repair to healthcare written by people just like you. with angie's list, i know who to call, and i know the results will be fantastic. angie's...
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Apr 24, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right thoh... >>> as investigators learn more about the suspects in these horrific bombings here in boston cnn's anderson cooper has been talking to an unbelievably brave survivor. this dancer lost her lef
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the...
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Apr 24, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. >>> welcome back. we are minding your business this morning. twitter almost ruins a rally. unbelievable, the power of twitter. >> and the power of the market, how quickly it responded. you might remember the flash crash in 2010. it was 700 points. the market just fell for no reason. something happened yesterday that wasn't as big but also as con founding, and it already has a fun name. some calling it the tweet retreat. the associated press says its twitter feed was hacked, and it posted a tweet there was an explosion near the white house. i'm not going to show you that tweet again in
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with...
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Apr 18, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> this is cnn breaking news. >> new information in this past hour in this breaking coverage we're doing of the massive explosion at a fertilizer plant in the small text town named west. it is just north of waco. at this time officials believe the 5 to 15 people have been killed. that's a preliminary estimate right now. there could be many more fatalities. they also confirm that as many as five firefighters who responded to the fire at the plant, as many as five firefighters are missing at this hour and more than 160 people there have been inj
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods....
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Apr 24, 2013
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to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ even superheroes need superheroes, and some superheroes need complete and balanced meals with 23 vitamins and minerals. purina dog chow. help keep him strong. dog chow strong. you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. and other allergy symptoms -- all in one pill. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to
to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ even superheroes need superheroes, and some superheroes need complete and balanced meals with 23 vitamins and minerals. purina dog chow. help keep him strong. dog chow strong. you may be muddling through allergies. try zyrtec-d®. powerful relief...
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Apr 22, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> quarter past the hour now. i'm john berman live in boston this morning. let's bring you up to date. krystle campbell will be laid to rest later this morning. she's one of the three people killed in last week's boston marathon bombing. the surviving suspect, 19-year-old dzhokhar tsarnaev is in the hospital right now in serious but stable condition with a gunshot wound to the neck. he could be criminally charged as irlly as today, and we are waiting to find out what, if anything, he might be communicating to law enforcement officials. zoraida? >> let's get you up to date on some other stories. a developing story while you were sleeping, five people shot to death at an apartment complex located in federal way, washington. south of seattle. police report that officers responded to a shooting that was in progress.
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> quarter past the hour now. i'm john berman live in boston this morning. let's bring you up to date. krystle campbell will be laid to rest later this morning. she's one of the three people killed in last...
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Apr 22, 2013
04/13
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> morni
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> morni
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Apr 23, 2013
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get the back taxes. let's get to get them in the light of day so they are e andcted from abus an exploitation. we have high tech workers that don't come here but go to other countries and compete with us. we need people from ranchers to derek to farmers. i don't think this bill goes far enough. i would like to see more, but this is progress. >> your statement mentions several examples of how terrorist disadvantage of our system. even mention how awesome terrorists have applied and received asylum. you mentioned the bill would allow people will have filed a frivolous asylum applications benefits under the legalization system. do you know how many people fall into that category and how does the bill before us make the current system weaker? >> i do outlined in my written testimony a number of pages of terrorists who have taken advantage of asylum. we have most notably the case just a few weeks ago of the syrian national who had been years since 9/11 who was known to help and support materially the 9/11 hij
get the back taxes. let's get to get them in the light of day so they are e andcted from abus an exploitation. we have high tech workers that don't come here but go to other countries and compete with us. we need people from ranchers to derek to farmers. i don't think this bill goes far enough. i would like to see more, but this is progress. >> your statement mentions several examples of how terrorist disadvantage of our system. even mention how awesome terrorists have applied and...
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Apr 21, 2013
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budget deficits cannot be cuts to medicare or a package of tax increases. we need a balanced approach that is fair to all. the budget also recognizes the need to work with congress to reauthorize the temporary systems to needy families. this is a vital lifeline to our poorest families. and it's a program to be a more efficient job creator and pathway out of poverty. i am happy the budget invests in --ly learning, injured in including job care. one had to thousand kids will start off on the road to early success. montana families understand the value of good education and maintain our responsibilities as parents and neighbors area did secretary, as they think about these issues in their effect of .he budget, remember the advice >> thank you, mr. chairman. thank you for's a tool in today's hearing. .- scheduling today's hearing last week the president released his proposed budget. even though it was 65 days late, it does not appear that the administration used the extra time to find ways to address the critical outlets facing our country. perhaps most signifi
budget deficits cannot be cuts to medicare or a package of tax increases. we need a balanced approach that is fair to all. the budget also recognizes the need to work with congress to reauthorize the temporary systems to needy families. this is a vital lifeline to our poorest families. and it's a program to be a more efficient job creator and pathway out of poverty. i am happy the budget invests in --ly learning, injured in including job care. one had to thousand kids will start off on the road...
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Apr 18, 2013
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cutting spending in the tax code. then i think it also keeps promises to people, it to those that were part of their whole life and want nothing more than a secure retirement. and our veterans to whom we have made promises as the have donned the uniform and fought for the country. host: what about the issue of gut: i start with the very basic notion that social security has not contributed one penny to the current deficit or it should not be on the table in similarly, to be concerned about thloerm solvency of so-so -- social security. retirement security is a real question mark for many american let's look at the real contributors to our deficit and debt as we try to tackle those challenges. and host: two final questions before we go to calls. this is another article from the hill. why were you left off the list of the 12 senators that went to dinner? guest: i have no idea, but i have been very pleased with the president's increase -- increase out reach to the senate and a house. that dialogue is essential to making p
cutting spending in the tax code. then i think it also keeps promises to people, it to those that were part of their whole life and want nothing more than a secure retirement. and our veterans to whom we have made promises as the have donned the uniform and fought for the country. host: what about the issue of gut: i start with the very basic notion that social security has not contributed one penny to the current deficit or it should not be on the table in similarly, to be concerned about...
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Apr 16, 2013
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taxes, our corporate taxes. that's an unlevel playing field and the person that's disadvantaged is not the owner of the ford. the person that's disadvantaged is the employee at ford who needs to have that job. we used to have a ford line and a g.m. line in the city of atlanta, mr. speaker. they are both closed. they are both closed today because they couldn't make it work. werk bring those jobs back to america, mr. speaker. more importantly, we can prevent jobs from leaving america, not because we're making them stay, not because we're going to tax them if they leave but because we make america the magnet for job creation and economic activity across the planet. today, we're the worst, mr. speaker. tomorrow, we can bring ourselves back to the middle, but my question to the body today, mr. speaker, is, why don't we commit ourselves to making america the very best place to do business on the planet? we can continue to borrow money from the chinese if we want to, mr. speaker. we can continue to add burden to all of
taxes, our corporate taxes. that's an unlevel playing field and the person that's disadvantaged is not the owner of the ford. the person that's disadvantaged is the employee at ford who needs to have that job. we used to have a ford line and a g.m. line in the city of atlanta, mr. speaker. they are both closed. they are both closed today because they couldn't make it work. werk bring those jobs back to america, mr. speaker. more importantly, we can prevent jobs from leaving america, not because...
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Apr 24, 2013
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and paying of taxes. if the language has to be theified that is what committee processes 4. >> thank you, there's more that we could ask but i see that my time has expired. >> thank you very much. thank you very much. >> thank you. a wanted to thank you very much. this is a broad reaching portion. i'm grateful for you doing your very best, particulate at this time when we open this hearing for reflections on the tragedies in boston and west texas. assurance can negus of islam to great the ability to perform custom issues? >> this is to make sure that the additional activities are defined. this'll help the economy grow and every state. employment verification, making more visas available on a permanent and temporary worker basis, this will help the economy grow in every state. >> there has been some discussion about discretion. under current practice they use the authority very sparingly. it said is have shown roughly 1% of all cases. how much more should we expect the department to exercise discretion? >>
and paying of taxes. if the language has to be theified that is what committee processes 4. >> thank you, there's more that we could ask but i see that my time has expired. >> thank you very much. thank you very much. >> thank you. a wanted to thank you very much. this is a broad reaching portion. i'm grateful for you doing your very best, particulate at this time when we open this hearing for reflections on the tragedies in boston and west texas. assurance can negus of islam...
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Apr 23, 2013
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tax-free shopping on the internet will be the focus of debate. states can only require stores to collect sales tax if the store has a physical presence in that state. the senate voted to take up the bill, which could pass as early as this week. the senate coverage on c-span2. homeland security secretary janet napolitano will be the sole witness. she was scheduled to appear last week. live coverage of the hearing in just under an hour on c-span radio and on c-span. those are some of the latest headlines on c-span radio. [video clip] >> the museum is meant to help a visitor relive the first eight years of the 21st century. the museum explains the decision-making process that i went through as president. and we hope the museum inspires people to serve, to serve their community or their country in some way. we really did not want to be a school. we wanted to be a do tank. i don't know if there is a lesson there. i do know that laura and i decided to go in a different direction with the -- apart from the museum with a component from which programs wou
tax-free shopping on the internet will be the focus of debate. states can only require stores to collect sales tax if the store has a physical presence in that state. the senate voted to take up the bill, which could pass as early as this week. the senate coverage on c-span2. homeland security secretary janet napolitano will be the sole witness. she was scheduled to appear last week. live coverage of the hearing in just under an hour on c-span radio and on c-span. those are some of the latest...
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Apr 19, 2013
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an extension of e payroll tax cut, $80 peramils. recent history shows that grant of l status for the increase is the influx of illegal immigrants. that for their forces out low- skilled laborers and thereby depressing the wage and employment levels of those americans. thatdition to that necessarily leads to more americans depending on the need for government. it is respected that the agent that before federal government grant's federal's average -- federal status -- the evidence before the commission is that grant of sub status is not without a substantial cost to the american worker. thank you. >> a full statement will be made part of the record. he was formerly the director of the congressional budget office under george w. bush in 2003 to 2005. that is when we first met. >> that is correct. >> it is good to have you here. >> thank you. it is a privilege to be here today. i have itd written recordfor th. let me briefly make three points and then i look for to answering your question. the first point is simply that the immigration
an extension of e payroll tax cut, $80 peramils. recent history shows that grant of l status for the increase is the influx of illegal immigrants. that for their forces out low- skilled laborers and thereby depressing the wage and employment levels of those americans. thatdition to that necessarily leads to more americans depending on the need for government. it is respected that the agent that before federal government grant's federal's average -- federal status -- the evidence before the...
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Apr 22, 2013
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then they are not able to pay their income taxes, getig paying jobs, pay higher income taxes for the government. that goes into a vicious cycle. >> if we don't have the money, we cannot buy textbooks and supplies for our students. >> college seniors who graduated in 2009 carried on average of $24,000 in student loan debt, up 6% from 2008. >> it continues growing. today, student loan debt has climbed to an avere of $27,000 nationwide. >> if they don't go to college, how they're going to afford a place to live, and once they get out of college, how they're going to pay back these student loans that are so huge. >> i just think everything is just up in the air and nobody appen.from year to year whats >> we inherent the nation and therefore the debt and the economy. if our nation is unable to support our futures, how will we be able to pursue our own happiness and dreams? >> the economy supports the people. >> from small businesses, to jobs, to income -- >> and as a younger generation -- >> we hope to begin our lives in a nation -- >> that creates many opportunities -- >> for a brighter
then they are not able to pay their income taxes, getig paying jobs, pay higher income taxes for the government. that goes into a vicious cycle. >> if we don't have the money, we cannot buy textbooks and supplies for our students. >> college seniors who graduated in 2009 carried on average of $24,000 in student loan debt, up 6% from 2008. >> it continues growing. today, student loan debt has climbed to an avere of $27,000 nationwide. >> if they don't go to college, how...
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Apr 23, 2013
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it talks about the tax liability issue. i should have referred to pages bill. 69 of the the standard is ambiguous as to the backould trigger tax liability. i have given a citation error. the standard would give you discretion to identify what documentation that would have to prove to show they had fulfilled their obligation to pay any back taxes. i wanted to talk about another provision. this one is on page 63 of the bill. it deals with who is eligible for rpi status. thoseves eligibility for who have received orders of deportation but have absconded, meaning they fled after having been ordered deported, or they had returned to the united states following an order of deportation after which they return to their home country or another country. i am concerned about this that this might reward condon that seems to be in clear violation of a court order. policy?gree with this >> right. i have read the bill but not pages.not memorize the a provision inis the sense that if somebody has been removed from the country and it would
it talks about the tax liability issue. i should have referred to pages bill. 69 of the the standard is ambiguous as to the backould trigger tax liability. i have given a citation error. the standard would give you discretion to identify what documentation that would have to prove to show they had fulfilled their obligation to pay any back taxes. i wanted to talk about another provision. this one is on page 63 of the bill. it deals with who is eligible for rpi status. thoseves eligibility for...
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Apr 18, 2013
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we have a tax system dealing with international taxes, and our international tax system we tell people that if you are a business that's an american-owned business, and you do business in other parts of the world, you will pay their tax rate to that country, which is fair, but then when you bring your money back to the united states, you'll also have to pay the difference in our tax rate. we are the only country that does that. so we literally tell our businesses, do business all over the world, function all over the world, make money all over the world, but when you make money over there, we would encourage you to leave that money over there and not bring it back home. because if they bring it back home, they are actually punished for returning money back to the united states. now, what does that mean to american competition and how we actually function in our business world? what that means is if you are a german company doing business in the u.k., let's say, you pay the taxes for the u.k. and return your money back to headquarters. but if you are an american business doing business
we have a tax system dealing with international taxes, and our international tax system we tell people that if you are a business that's an american-owned business, and you do business in other parts of the world, you will pay their tax rate to that country, which is fair, but then when you bring your money back to the united states, you'll also have to pay the difference in our tax rate. we are the only country that does that. so we literally tell our businesses, do business all over the...
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Apr 22, 2013
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tax codes? currentreduce the rate tax rate from 35 percent down to 28% and reduce these tax breaks, the ones we have been talking about today. or expenditures, what ever you want to call them, in 2011, cost the u.s. government $1.10 trillion in forgone federal revenue. about 85% of that was for individual tax expenditures. these are things that we're familiar with -- the mortgage interest rate deduction or the donations.relatedchit only 20% of that or so was for corporate tax expenditures, some of which are the oil and gas company tax breaks. host: from twitter -- go to jackson, tenn. on our independent line. ofler: i have a couple comments and a question. the revenue the government is taking in is the lowest in six years. from this information cspan. the corporations -- it gets so tiresome hearing people talk about a high tax rate for corporations in the united states when, in effect, they are paying around 12% effective tax rate. of them pay no taxes. to the oil companies, a few moments ago, y
tax codes? currentreduce the rate tax rate from 35 percent down to 28% and reduce these tax breaks, the ones we have been talking about today. or expenditures, what ever you want to call them, in 2011, cost the u.s. government $1.10 trillion in forgone federal revenue. about 85% of that was for individual tax expenditures. these are things that we're familiar with -- the mortgage interest rate deduction or the donations.relatedchit only 20% of that or so was for corporate tax expenditures, some...
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Apr 22, 2013
04/13
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i would argue the tax code is probably not the place to do that the most effective way. host: let's go to york, pennsylvania, republican line. i had agood morning, relatively personal question for you. i see you are a keen observer of the oil industry considering the fact that fsil fuels are not all leave feeling our cars but giving a desolation to the environment, do you believe man will develop environmentally sound modes of transportation out of sheer will to be accountable as inhabitants of earth? host: i will give you the last comment. guest: that's a good question. there are multiple ways of thinking about this. some would argue that the government should support certain industries and drive that an ovation. others argue that should be a market-based mechanism whereby the most effective solution to some of these problems will be achieved when we are indeed in dire need of them and there is the financial and economic incentive to do so. i'm not sure where i come down on that. host: anthony costello, we appreciate you joining us today. guest: thank you for having me.
i would argue the tax code is probably not the place to do that the most effective way. host: let's go to york, pennsylvania, republican line. i had agood morning, relatively personal question for you. i see you are a keen observer of the oil industry considering the fact that fsil fuels are not all leave feeling our cars but giving a desolation to the environment, do you believe man will develop environmentally sound modes of transportation out of sheer will to be accountable as inhabitants of...
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Apr 23, 2013
04/13
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more people working, more people paying taxes is not a tax increase. it is deficit-reduction without a tax increase. i think it's the kind of deficit reduction that we can get bipartisan support for in the country. grow up all sorts of other issues. what about public education? public schools don't teach kids how to read english well and don't teach them american history. but that's a problem, then we need education reform. that is being worked on a state- by-state. that's a problem for kids born here as well as everybody else, in terms of the quality of education they're getting. what about the welfare system? 185 means-tested welfare programs. bill clinton worked with republican congress to reform aid to families with dependent children. we can make progress on the others as well, and reforming welfare is important and needs to be done. it saves money and keeps people from getting locked into welfare dependency. but none of those are arguments for getting in the way of immigration reform. then there's the question of entitlements medicare and get ben
more people working, more people paying taxes is not a tax increase. it is deficit-reduction without a tax increase. i think it's the kind of deficit reduction that we can get bipartisan support for in the country. grow up all sorts of other issues. what about public education? public schools don't teach kids how to read english well and don't teach them american history. but that's a problem, then we need education reform. that is being worked on a state- by-state. that's a problem for kids...
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Apr 17, 2013
04/13
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tax code. the united states has the highest corporate tax rate in the world. simply filing our tax code and closing loopholes for everyone will help create an environment that encourages job growth and increases wages. the ryan budget is based on such reforms. these reforms can help get americans back to work. mr. stivers: i yield back the balance of my time. thank you, mr. speaker. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman from california is recognized for one minute. mr. kosta: thank you -- mr. costa: thank you, mr. speaker. on monday in boston we were reminded how vulnerable we all are as americans and how important it is that we stay together. today i rise to recognize the merced community violence intervention and prevention task force. this hardworking organization in the a joaquin valley i re
tax code. the united states has the highest corporate tax rate in the world. simply filing our tax code and closing loopholes for everyone will help create an environment that encourages job growth and increases wages. the ryan budget is based on such reforms. these reforms can help get americans back to work. mr. stivers: i yield back the balance of my time. thank you, mr. speaker. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> unanimous...
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Apr 16, 2013
04/13
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if we removed the tax expenditures from the tax code, all of them, remove every tax expenditure, it would help this country. you sit there and say we need these things. instantly, we should stop shipping guns out of the country for tax breaks. guest: he makes several points. the first thing i want to say is the good news is i talk to no one on capitol hill who does not oferstand the importance preserving social security and medicare for existing recipients and future generations. the debate is about what steps thatwe take to make sure those programs are preserved? he gave one example, which is on social security taxes. could you raise that some or eliminate it? i would not support eliminating it. that would not make a lot of sense. most folks do not want to talk about the kinds of tax increases that would need to be done if we do not look somehow at the benefit side of the equation as well. and he makes the other point that, you know, a growing economy would make a big difference for all of these challenges we face. , ohio, independent caller. caller: good morning, and thank you for takin
if we removed the tax expenditures from the tax code, all of them, remove every tax expenditure, it would help this country. you sit there and say we need these things. instantly, we should stop shipping guns out of the country for tax breaks. guest: he makes several points. the first thing i want to say is the good news is i talk to no one on capitol hill who does not oferstand the importance preserving social security and medicare for existing recipients and future generations. the debate is...
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Apr 24, 2013
04/13
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people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there should be no democrats saying they don't want the tax. host: this is the editorial section of usa today -- next to their opinion is one written by the vice president and deputy general counsel of government relations at ebay. ebay would like the exemption to be for businesses with 50 than $10 or less million. so there is an exemption for small businesses. ebay would like it to be higher. we will go to gary knell in cameron, north carolina, who supports the legislation. caller: i do. because i don't think it's fair. p
people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there...
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Apr 19, 2013
04/13
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we think we win with lower taxes, less government. we think we win. [laughter] let me just say -ri now a little straight talk. right we' n lvedn the minds of our citizens who feel this is a vital, important issue that needs to be resolved. 1955 when i was born how many workers were there for every person retiring in this country? 16. how many are there today? three. how many in 20 years? two. where do the workers come from? 10,000 baby boomers are retiring a day. one day it will be john. john's mother is 101. everyone is living like john's mother. that is the good news. if we don't reform medicaid and medicare we're going to be greece. if you don't have a legal immigration system to supplement a declining population you're committing economic suicide. here's the key to bring people from all over the world not just the people who live next door. bring them in on your terms not theirs. to those who say we don't need legal immigration you're crazy. look at what is going on in america. we're declining population, we need the best and the brightest and som
we think we win with lower taxes, less government. we think we win. [laughter] let me just say -ri now a little straight talk. right we' n lvedn the minds of our citizens who feel this is a vital, important issue that needs to be resolved. 1955 when i was born how many workers were there for every person retiring in this country? 16. how many are there today? three. how many in 20 years? two. where do the workers come from? 10,000 baby boomers are retiring a day. one day it will be john. john's...